Canada's government is considering imposing a surtax on imports of Chinese-made electric vehicles, following concerns about a global oversupply generated by Chinese companies. A 30-day consultation period will commence on July 2 to address this issue. This move aligns with recent actions taken by the United States and the European Commission to impose higher import tariffs on Chinese EVs.
The Deputy Prime Minister highlighted the impact of China's intentional state-directed policy of overcapacity on Canada's automotive sector, which supports nearly 550,000 jobs. The consultation aims to investigate the reasons behind China's increasing EV exports, including unfair market practices and labor and environmental standards.
